China will support Bangladesh for BMRE (Balancing, Modernization, Rehabilitation and Expansion ) work of its jute mills and producing viscose, a type of rayon.
In this connection on Sunday, a Minutes of Discussion (MOD) was signed between the Bangladesh Jute Mills Corporation (BJMC) and the Textile Industrial Corporation for Foreign Economic and Technical Cooperation of China, outlining areas for cooperation and investment in Bangladesh concerning establishing viscose factory and BMRE of jute mills under BJMC.
The MOD was signed following a high-level bilateral meeting between officials of the Bangladesh's Textiles and Jute Ministry and members of a visiting Chinese delegation.
The Chinese delegation is visiting Dhaka after a Bangladesh delegation led by the country's Jute and Textiles Ministry secretary visited China from Oct. 26 to Nov. 3 and discussed issues relating to production of Viscose from jute and BMRE of jute mills.
Meanwhile, according to the officials, the bilateral meeting also identified areas of joint investment opportunities in Bangladesh and China.